Is Innova Captab technically bullish or bearish?

Jul 18 2025 08:08 AM IST
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As of July 17, 2025, Innova Captab's technical trend is mildly bullish, supported by a bullish MACD and Dow Theory, despite some caution from daily moving averages and a lack of momentum confirmation in the RSI.
As of 17 July 2025, the technical trend for Innova Captab has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive outlook, while the Dow Theory also indicates a mildly bullish stance on both weekly and monthly time frames. The Bollinger Bands on the weekly chart are bullish, contributing to the overall positive sentiment. However, the daily moving averages are mildly bearish, which introduces some caution. The RSI shows no signal on both weekly and monthly charts, indicating a lack of momentum confirmation. Overall, the current technical stance is mildly bullish, driven primarily by the bullish MACD and Dow Theory indicators.
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